Dycom Industries (NYSE:DY) Releases Q3 2027 Earnings Guidance

Dycom Industries (NYSE:DY) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.330-4.790 for the period, compared to the consensus estimate of 4.680. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Dycom Industries Trading Down 7.0%

NYSE:DY opened at $354.42 on Wednesday. The firm has a fifty day simple moving average of $427.20 and a 200-day simple moving average of $415.67. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $10.64 billion, a P/E ratio of 33.72, a PEG ratio of 0.67 and a beta of 1.54. Dycom Industries has a 12 month low of $242.55 and a 12 month high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities research analysts anticipate that Dycom Industries will post 15.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DY. Guggenheim boosted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Wedbush set a $654.00 price objective on Dycom Industries in a report on Friday, May 29th. Cantor Fitzgerald upped their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Dycom Industries has an average rating of “Moderate Buy” and a consensus price target of $578.09.

Key Headlines Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Strong quarterly beat: Adjusted EPS was $5.29, exceeding the $4.72 consensus estimate, while contract revenue rose 45.6% year over year to $2.006 billion. Adjusted EBITDA reached $315.5 million, or 15.7% of revenue. Dycom Industries Reports Record Fiscal 2027 Second Quarter Results
• Positive Sentiment: Backlog and outlook remain robust: Total backlog increased 53.2% to $12.242 billion, supported by demand for fiber deployment and data-center infrastructure. Dycom raised fiscal 2027 revenue guidance to $7.5 billion-$7.7 billion, broadly in line with the $7.6 billion analyst consensus, and completed its acquisition of National Technology Integrators. Dycom Earnings and Guidance
• Neutral Sentiment: Routine board change: Director Jennifer Fritzsche resigned, and Dycom announced a related board change. The announcement did not indicate a strategic or operational shift. Dycom Announces Routine Board Change
• Negative Sentiment: Third-quarter guidance fell short on EPS: Dycom forecast adjusted EPS of $4.33-$4.79, with a $4.56 midpoint below the $4.68 consensus estimate. Revenue guidance of $1.9 billion-$2.0 billion was generally consistent with expectations, but the earnings outlook leaves limited room for disappointment.
• Negative Sentiment: High expectations amplified selling pressure: Shares had already declined ahead of the report as investors reduced risk and locked in gains. Although the results were strong, the quarterly EPS outlook and in-line full-year revenue guidance may not have been sufficient to justify the stock’s previously elevated valuation.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter worth $35,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the period. IFP Advisors Inc boosted its position in shares of Dycom Industries by 400.0% during the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock valued at $41,000 after acquiring an additional 112 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Dycom Industries in the third quarter valued at about $75,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.